Global MEMS In Medical Applications Market: Overview
Micro electro-mechanical systems (MEMS) are miniaturized gadgets and structures made through microfabrication. These components have resulted into mechanical advances in different fields, however its medical application is the most significant. MEMS has enabled the medical industry to increase the precision and accuracy of the medical gadgets. These gadgets are utilized to make miniature and versatile gadgets for surgical, analytic, and monitoring purposes. The demand of MEMS implanted gadgets has increased because of their high effectiveness and conservative structure.
MEMS in medical applications has a surging business opportunity, ascribed to the ascent sought after of precision of medical gadgets. Moreover, the market is driven by the increase in robotization in research center gadgets. In any case, the stringent administrative regulations restrain the development of the market.
Additionally, the amalgamation of nanotechnology with MEMS has prompted the improvement of various applications, for instance, biochips, polymerase chain response, electroporation, ELISA, electrophoresis, small scale machined scanning tunneling magnifying instruments, and miniaturized systems for drug selection and screening.
Global MEMS In Medical Applications Market: Trends and Opportunities
Development of the worldwide medical MEMS market is essentially determined by the rising interest for portable medical home-care devices and artificial limbs. Aging populace and increasing innovative progress towards the MEMS technology is significantly contributing to development of the market. High adequacy, low expenses of this technique, and rising awareness to MEMS based products among patients are additionally fueling development of the market.
Government initiatives, rising utilization of health care services, and innovative progressions are foreseen to aid the growth of the market over the coming years. Increasing inclination of consumers towards home medical monitoring to reduce hospital expenses is assessed to open new roads for the industry players.
Recently, Omron Electronic Components BV introduced the new Omron D6T-1A-02, a super delicate infra-red temperature sensor. The increasing demand for versatile and miniaturized gadgets by medicinal services experts has influenced medical gadget organizations to implant MEMS sensors in medical gadgets.
Global MEMS In Medical Applications Market: Geographical Analysis
The most prevalent musculoskeletal disease affecting aging population is osteoarthritis, causing rise in demand for joint replacement surgeries. Development of artificial limbs with integrated circuits coupled with R&D initiatives to advance MEMS technology is expected to boost growth of the medical MEMS market.
While North America was the largest market for MEMS based medical devices in 2012, the Asia Pacific region is expected to witness the swiftest growth rate in this market. This could be due to the high population density in this area, along with a growing number of geriatric population with arthritis and related ailments. According to data from World Population Prospects, 962 million people were recorded to be 65 years of age or above, accounting for 13% of the global population, which is expected to double in number, reaching 2.1 billion by 2050 and 3.1 billion by 2100. The growth in the Asia Pacific could be attributed to the emerging economic growth coupled with higher incomes of the people.
Global MEMS In Medical Applications Market: Companies Mentioned
Key vendors participating in the global MEMS in medical applications market are Philips Healthcare, GE Measurement and Control, Honeywell Sensing and Control, FreeScale, STMicroelectronics, Texas Instruments, Analog Devices Inc. and Measurement Specialties Inc.
The global MEMS in medical applications market is segmented as follows:
- Global MEMS In Medical Applications Market, by Application
- Therapeutic and Surgical
- Global MEMS In Medical Applications Market, by Sensor types
- Global MEMS In Medical Applications Market, by End users
- Home Healthcare
- Healthcare Research